OK, in my other thread, we dealt with Social Security. My financial advisor tells me that my plan is solid to EITHER "take and invest" or "wait til 70", and both options look sound.
When I asked him (up front) "OK, before we start, how do you get paid?" I think that's a VERY IMPORTANT question to ask anybody who wants to manage or advise you on managing your money.
He replied, "up front frees or retainers - no hidden fees or costs - you will always know what you're paying - and our "pay" is based on how well your portfolio does - if you don't earn money, we don't either".
I like that, and feel good about using them.
He said the ONE AREA where my financial plan is faulty is in considering Long Term Care.
Anybody have a LTC plan? Suggestions?
Basically, it's an insurance policy to help cover the costs of nursing homes, etc. I have long said "I'm not afraid to die - I'm concerned about living too long".
When I asked him (up front) "OK, before we start, how do you get paid?" I think that's a VERY IMPORTANT question to ask anybody who wants to manage or advise you on managing your money.
He replied, "up front frees or retainers - no hidden fees or costs - you will always know what you're paying - and our "pay" is based on how well your portfolio does - if you don't earn money, we don't either".
I like that, and feel good about using them.
He said the ONE AREA where my financial plan is faulty is in considering Long Term Care.
Anybody have a LTC plan? Suggestions?
Basically, it's an insurance policy to help cover the costs of nursing homes, etc. I have long said "I'm not afraid to die - I'm concerned about living too long".
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